The TRUMP Tax Cut and Jobs Act and its Effect on Real Estate (7-Credit Hours)

Understand new tax laws and how they affect you and your clients!

Tax law is generally complex and confusing for everyone, including real estate agents. The Tax Cuts and Jobs Act (TJCA) is no exception. The objective of this course is not to make real estate licensees into TCJA experts…but rather to provide a sufficient amount of information so that you can identify when an expert attorney or tax counsel are essential to protect your clients. Finally, you will gain valuable information on tax credits, exemptions, and deductions included in the TCJA. This information is essential to you and your business, so register today!

Topics Include:

• Tax Rate Reform Under Tax Cuts and Jobs Act (TCJA) 
• Individual Tax Rate Reform
• Changes in Corporate Tax Rates
• Pass-Through Businesses Deductions
• Depreciation Involving the Sale of Real Property
• Tax liability for depreciation recapture when investment property sells for a loss
• Deductions and Exemptions
• Capital Gain Exclusion on the Sale of a Main Home
• PMI Deductibility
• Limitations on Deductions for SALT
• Standard Deductions and the Personal Exemption
• Estate and Gift Tax Exclusion
• Miscellaneous Deductions/Exemptions Where Benefits Increased Under TCJA
• Miscellaneous Deductions and Exemptions Where Benefits Decreased or Were Eliminated Under TCJA
• Deductions and Exemptions Where Benefits Remain Unchanged Under TCJA
• Tax Credits Under TCJA
• Rehabilitation Tax Credits
• Criteria to Qualify for Historic Tax Credits
• Description of Rehabilitation Work

The California Department of Real Estate has approved this real estate continuing education course for 7 hours of Consumer Protection. CalDRE Sponsor No.6212.

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